12 Days
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الاقتصادية
Venezuela's May oil exports reach 1.25M bpd
Venezuela's oil exports rose to 1.25 million barrels per day in May, marking the third consecutive monthly increase supported by higher shipments to the United States, India, and Europe. This sales boost comes amid a recovery in the oil sector following the easing of sanctions and increased foreign investment. The total exports for the month amounted to 67 shipments, representing a 0.7% increase compared to April and a 61% rise year-on-year. The United States imported about 558,000 barrels per day and remains the primary buyer. Venezuela expects production to reach 1.37 million barrels per day by the end of the year. Meanwhile, exports from Chevron declined, while shipments from global trading companies such as Vitol and Trafigura increased.
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